**MGX Invests $2 Billion in Binance, Strengthening UAE's Digital Asset Vision**
Abu Dhabi-based investment firm MGX has invested $2 billion in Binance, the world’s largest cryptocurrency exchange. This marks Binance’s first institutional investment, funded entirely in stablecoins, though the specific type remains undisclosed. Chaired by Sheikh Tahnoon bin Zayed Al Nahyan, MGX focuses on integrating AI, blockchain, and finance. The deal aligns with the UAE’s strategy to position itself as a global leader in digital assets by fostering a favorable regulatory environment that attracts international businesses.
